The repayment surpasses the amount of debt acquired through Treasury Bonds and Treasury Bills during the same period.According to him, between January and June 2024, the Government obtained a total of Rs. 4,852 billion in debt through these financial instruments.

However, it managed to repay Rs. 4,981 billion, demonstrating a commitment to fiscal responsibility.Semasinghe stressed that public focus often lies on the debt incurred, but it is crucial to recognise the Government’s efforts in repaying these loans and net borrowing.

He highlighted that, prior to the economic crisis, the Central Bank had the ability to print money as required, which led to an inflation rate as high as 70%.